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A Circular Model of Economic Growth and Waste Recycling

Author

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  • Myrto Kasioumi

    (University of Guelph)

  • Thanasis Stengos

    (University of Guelph)

Abstract

In this paper, we are examining the environmental Kuznets curve (EKC) in the context of a circular economy recycling model. Our model assumes that there are only two factors of production in the production of the final good, a recyclable and a polluting input. We also present two extensions of this basic model by adding technological progress in the production of the polluting input and a dynamic reduction of the influence of the same input respectively. Our results suggest the presence of an inverse-U curve for the EKC confirming the findings of most of the current literature as well as an increasing curve for the recycling output nexus.

Suggested Citation

  • Myrto Kasioumi & Thanasis Stengos, 2023. "A Circular Model of Economic Growth and Waste Recycling," Circular Economy and Sustainability,, Springer.
    • Handle: RePEc:spr:circec:v:3:y:2023:i:1:d:10.1007_s43615-022-00177-7
    DOI: 10.1007/s43615-022-00177-7
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    References listed on IDEAS

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    1. Daniel L. Millimet & John A. List & Thanasis Stengos, 2003. "The Environmental Kuznets Curve: Real Progress or Misspecified Models?," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 1038-1047, November.
    2. Anthony J. Venables, 2014. "Depletion and Development: Natural Resource Supply with Endogenous Field Opening," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(3), pages 313-336.
    3. Grossman, G.M & Krueger, A.B., 1991. "Environmental Impacts of a North American Free Trade Agreement," Papers 158, Princeton, Woodrow Wilson School - Public and International Affairs.
    4. Chris Jeffords & Alexi Thompson, 2019. "The human rights foundations of an EKC with a minimum consumption requirement: theory, implications, and quantitative findings," Letters in Spatial and Resource Sciences, Springer, vol. 12(1), pages 41-49, April.
    5. Hannes Egli & Thomas Steger, 2007. "A Dynamic Model of the Environmental Kuznets Curve: Turning Point and Public Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(1), pages 15-34, January.
    6. Selden Thomas M. & Song Daqing, 1995. "Neoclassical Growth, the J Curve for Abatement, and the Inverted U Curve for Pollution," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 162-168, September.
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    8. Begona Casino, 2002. "J curve for abatement with transboundary pollution," Economics Bulletin, AccessEcon, vol. 17(2), pages 1-9.
    9. Myrto Kasioumi & Thanasis Stengos, 2020. "The Environmental Kuznets Curve with Recycling: A Partially Linear Semiparametric Approach," JRFM, MDPI, vol. 13(11), pages 1-26, November.
    10. Andreoni, James & Levinson, Arik, 2001. "The simple analytics of the environmental Kuznets curve," Journal of Public Economics, Elsevier, vol. 80(2), pages 269-286, May.
    11. Trevor Zink & Roland Geyer, 2017. "Circular Economy Rebound," Journal of Industrial Ecology, Yale University, vol. 21(3), pages 593-602, June.
    12. Zhou, Sophie & Smulders, Sjak, 2021. "Closing the loop in a circular economy: Saving resources or suffocating innovations?," European Economic Review, Elsevier, vol. 139(C).
    13. Stokey, Nancy L, 1998. "Are There Limits to Growth?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 1-31, February.
    14. Patrick Grüning & Justina Banionienė & Lina Dagilienė & Michael Donadelli & Marcus Jüppner & Renatas Kizys & Kai Lessmann, 2021. "The Quadrilemma of a Small Open Circular Economy Through a Prism of the 9R Strategies," Bank of Lithuania Working Paper Series 96, Bank of Lithuania.
    15. Lopez, Ramon & Mitra, Siddhartha, 2000. "Corruption, Pollution, and the Kuznets Environment Curve," Journal of Environmental Economics and Management, Elsevier, vol. 40(2), pages 137-150, September.
    16. de Bruyn, S. M. & Opschoor, J. B., 1997. "Developments in the throughput-income relationship: theoretical and empirical observations," Ecological Economics, Elsevier, vol. 20(3), pages 255-268, March.
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    More about this item

    Keywords

    Growth; Recycling; Environmental Kuznets curve (EKC); Circular economy;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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